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The Impossible State

Poisoning the Well: U.S.-Korea Trade Tension

Dr. Victor Cha, Adam Farrar, Eunjoong Kim, and Wonchul Kim discussed the recent U.S. House Judiciary Committee report on discriminatory practices, expiration of Section 122 tariffs, and the Korean investment deals. 

Podcast Episode by Victor Cha, Adam Farrar, Eunjoong Kim, and Wonchul Kim — July 31, 2026

The Impossible State Podcast

Charting a New Course: Countering China's Dominance in Global Shipbuilding

China has developed the largest shipbuilding industry in recent history and now uses it as an instrument of national power. It is key to Beijing's ambitions to displace the United States as the preeminent power in the Asia-Pacific and project power far from China’s shores.

Congressional Testimony by Matthew P. Funaiole — July 22, 2026

China and CRINK: Implications for Japan and the United States

China’s ties with Russia, Iran, and North Korea are deepening, but they do not yet constitute a unified alliance. Chikako Ueki examines how the U.S. and Japan can prepare for emerging security challenges without strengthening the very coalition they seek to counter.

Report by Chikako Kawakatsu Ueki — July 21, 2026

The War May Be Ending. What Did Epic Fury Cost?

Iran war costs are estimated to be between $34 billion and $42 billion. As neither the FY 2026 defense budget nor the FY 2027 budget request includes war costs, Congress faces a major battle over paying for the war.

Report by Mark F. Cancian and Chris H. Park — June 23, 2026

Strategic Clarity: Reassessing the Value of China to Korea

As Xi visits North Korea, South Korea should reassess its China strategy, recognizing a shift from complementarity to competition and Beijing’s unhelpful role on North Korea, and pursue strategic clarity based on a strong U.S.-ROK alliance and trilateral ties with Japan.

Commentary by Victor Cha and Yesun Kim — June 5, 2026

Unpacking President Trump’s Visit to China | State of Play

President Trump’s historic state visit to China came amid heightened geopolitical tension surrounding Iran, and both sides entered the talks with sharply different priorities. Even so, the summit produced a framework for deeper cooperation and delivered several economic gains.

Commentary by Edgard D. Kagan and Bonny Lin — May 15, 2026